Biogas Market Outlook: Size, Share, Trends & Growth Analysis (2024-2029) 

The market report presents a thorough analysis segmented by Source (Municipal, Industrial, Agricultural); by Application (Vehicle Fuel, Electricity, Heat, Upgraded Biogas, Cooking Gas); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

• The biogas market is estimated to be at USD 63,061.55 Mn in 2024 and is anticipated to reach USD 79,237.66 Mn in 2029. 

• The biogas market is registering a CAGR of 4.67% during the forecast period of 2024-2029. 

• The global biogas market’s growing emphasis on renewable energy and waste management is driving the demand for biogas as a sustainable energy source across various sectors, including electricity generation, heating, and transportation. 

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Ecosystem  

• The participants in the global biogas industry are focusing on expanding their production capacities, improving biogas upgrading technologies, and exploring new feedstock sources to strengthen their market positions. 

• These companies primarily invest in research and development to improve the efficiency and cost-effectiveness of biogas production, along with collaborations between major energy companies and local governments to accelerate the deployment of biogas projects. 

• Several important entities in the biogas market include Agrinz Technologies GmbH; Air Liquide USA LLC; DMT Clear Gas Solutions, LLC; Gasum Group; HomeBiogas Ltd.; and others. 

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Findings 

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 63,061.55 Mn
Market Size (2029)	USD 79,237.66 Mn
Growth Rate	4.67% CAGR from 2024 to 2029
Key Segments	Source (Municipal, Industrial, Agricultural); Application (Vehicle Fuel, Electricity, Heat, Upgraded Biogas, Cooking Gas); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Agrinz Technologies GmbH; Air Liquide USA LLC; DMT Clear Gas Solutions, LLC; Gasum Group; HomeBiogas Ltd.
Key Countries	The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	Europe

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Trends  

• Use of Digital Monitoring Tools: The use of digital tools and IoT (Internet of Things) technology in monitoring and optimizing biogas plant operations is on the rise. These tools help in improving operational efficiency and predictive maintenance. In 2023, Vaisala introduced a new IoT-based platform, allowing operators to track production efficiency and perform predictive maintenance, enhancing the operational reliability and longevity of biogas systems. 

• Smart Integration: Embracing smart technology is revolutionizing biogas operations. Sensors, artificial intelligence, and data analytics are streamlining processes, enhancing efficiency, and minimizing errors. This technological integration leads to optimal resource utilization and maximized energy yields in biogas production. 

• Decentralized Energy: Smaller-scale biogas plants are gaining traction, particularly in rural and off-grid areas. These plants utilize local organic waste streams, providing a sustainable energy solution. By doing so, the smaller-scale biogas plants foster energy independence and enhance community resilience. 

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Catalysts 

• Demand for Renewable Energy: Rising Demand for Renewable Energy The global push towards renewable energy sources is a significant driver of the biogas market. In 2023, the International Energy Agency (IEA) reported a 15% increase in global biogas production, driven by the growing need to reduce greenhouse gas emissions and diversify energy sources. 

• Environmental Regulations: Strict environmental regulations and global carbon reduction goals are driving the adoption of biogas as a cleaner alternative to traditional energy sources. In 2023, the U.S. Environmental Protection Agency (EPA) introduced new guidelines that favor biogas production from waste as part of its strategy to reduce methane emissions. 

• Government Support: Governments worldwide are introducing policies and incentives to promote biogas production. In 2023, the U.S. government extended tax credits for renewable energy, including biogas, under the Inflation Reduction Act, spurring investment in new biogas projects across the country. 

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Restraints 

• Feedstock Supply Fluctuations: The availability and consistency of feedstock are critical to the stable operation of biogas plants. In 2023, several biogas plants in Europe reported reduced output due to disruptions in agricultural waste supply caused by extreme weather conditions, highlighting the vulnerability of the biogas supply chain to external factors. 

• Competition from Other Renewable Energy Sources: Biogas competes with other renewable energy sources, such as solar and wind, which are often cheaper and more scalable. In 2023, a report by BloombergNEF highlighted that the cost of solar power continued to decrease, making it a more attractive option for investors compared to biogas, which still faces higher production costs. 

• High Initial Capital Investment: The high initial capital investment required for setting up biogas plants remains a significant barrier, particularly for small and medium-sized enterprises. The cost of infrastructure, including anaerobic digesters and gas upgrading systems, results as a barrier in the adoption of biogas plants. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Biogas Market (2018 – 2022)         2.2.    Global Biogas Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Biogas Market by Source                3.1.1.    Municipal                3.1.2.    Industrial                3.1.3.    Agricultural         3.2.    Global Biogas Market by Application                3.2.1.    Vehicle Fuel                3.2.2.    Electricity                3.2.3.    Heat                3.2.4.    Upgraded Biogas                3.2.5.    Cooking Gas  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Chile                4.2.5.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Biogas Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Agrinz Technologies GmbH         9.2.    Air Liquide USA LLC         9.3.    DMT Clear Gas Solutions, LLC         9.4.    Gasum Group         9.5.    HomeBiogas Ltd.         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Biogas Market – FAQs 

1.  What is the current size of the biogas market? 

Ans. In 2024, the biogas market size is USD 63,061.55 Mn. 

2.  Who are the major vendors in the biogas market?  

Ans. The major vendors in the biogas market are Agrinz Technologies GmbH; Air Liquide USA LLC; DMT Clear Gas Solutions, LLC; Gasum Group; HomeBiogas Ltd. 

3.  Which segments are covered under the biogas market segments analysis?  

Ans. The biogas market report offers in-depth insights into Source, Application, and Geography.